Electronic Cigarettes International Group, Ltd. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2016
May 16, 2016 at 05:01 pm EDT
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Electronic Cigarettes International Group, Ltd. announced unaudited consolidated financial results for the first quarter ended March 31, 2016. For the quarter, the company reported net sales of $11,718,000 against $11,630,000 a year ago. Loss from operations was $4,605,000 against $16,330,000 a year ago. Loss before income taxes was $20,240,000 against $66,714,000 a year ago. Net loss was $20,431,000 against $66,966,000 a year ago. Net loss per common share basic and diluted was $0.27 against $3.46 a year ago. LBITDA was $14,659,000 against $25,256,000 a year ago.
Electronic Cigarettes International Group Ltd is a United States-based company. The Company is an independent marketer and distributor of vaping products and e-cigarettes. The e-cigarettes are battery-powered products that simulate tobacco smoking through inhalation of nicotine vapor without the fire, flame, tobacco, tar, carbon monoxide, ash, stub, smell and other chemicals found in traditional combustible cigarettes. The Company accommodates the various product preferences of e-cigarette users by offering a set of products, including disposables, rechargeables, tanks, starter kits, e-liquids, open and closed-end vaping systems and accessories. Its products consist of components and nicotine liquids. Its global brand portfolio includes the FIN, VIP, VAPESTICK, E-CIG, PRO VAPOR and VICTORIA brands. The Company offers E-cigarette cartridges in a range of flavors.
ELECTRONIC CIGARETTES INTERNATIONAL GROUP, LTD. 
